{"id":3605,"date":"2025-03-12T19:13:08","date_gmt":"2025-03-12T19:13:08","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/why-is-crypto-down-today-best-crypto-to-buy-as-canada-tariffs-eased\/"},"modified":"2025-03-12T19:13:08","modified_gmt":"2025-03-12T19:13:08","slug":"why-is-crypto-down-today-best-crypto-to-buy-as-canada-tariffs-eased","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/why-is-crypto-down-today-best-crypto-to-buy-as-canada-tariffs-eased\/","title":{"rendered":"Why Is Crypto Down Today, Best Crypto to Buy as Canada Tariffs Eased"},"content":{"rendered":"<p>Donald Trump has decided not to double tariffs on Canadian aluminum and steel, offering a sigh of relief to the US stock market.<\/p>\n<p>The decision to retract tariffs on Canadian metals came after Canada&#8217;s announcement that it wouldn&#8217;t go ahead with its plan of retaliating against the US.<\/p>\n<p>Canada had earlier decided to impose a 25% tax on the electricity it sells to the US.<\/p>\n<p>Moreover, a meeting has been scheduled for Thursday with the agenda of reaffirming the trade pact between the US, Canada, and Mexico.<\/p>\n<p>This could also be a good sign for the crypto economy, seeing as Trump&#8217;s tariff announcements were one of the biggest catalysts in driving down crypto prices.<\/p>\n<h2>The Crypto Market Is Currently in a Correction \u2013 And It\u2019s Healthy<\/h2>\n<p>Glassnode, an onchain analytics firm, reported that the <a href=\"https:\/\/insights.glassnode.com\/week-onchain-week-10-2025\/?utm_campaign=WoC_10_25&amp;utm_medium=email&amp;utm_source=newsletter\" target=\"_blank\" rel=\"noopener nofollow\">current selling pressure in $BTC is being driven by &#8216;top buyers.&#8217;<\/a> These are investors who bought the cryptocurrency at the $109K high.<\/p>\n<p>The ongoing panic selling might suggest otherwise, but the truth is that this is how markets move \u2013 fleshed-out periods of downward\/sideways movement after a long rally. Correction, in other words.<\/p>\n<p>Although we&#8217;re seeing short-term investors liquidating $BTC to cover even riskier leveraged bets, long-term bulls (institutions, people like Michael Saylor, and even entire countries like El Salvador) are buying more and not sweating the monthly price action.<\/p>\n<p>One look at Bitcoin&#8217;s weekly chart and there&#8217;s hardly any arguing about crypto&#8217;s overall bullish outlook.<\/p>\n<p>$BTC is currently showing as many as three prominent bullish signs:<\/p>\n<ul>\n<li>Good support at the <a href=\"https:\/\/www.investopedia.com\/terms\/f\/fibonacciretracement.asp\" target=\"_blank\" rel=\"noopener nofollow\">50% Fibonacci level<\/a><\/li>\n<li>Even better support on the 50 EMA (Exponential Moving Average). This is a strong confluence.<\/li>\n<li>It&#8217;s forming a textbook-perfect hammer candlestick pattern, which is typically associated with market bottoms.<\/li>\n<\/ul>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"aligncenter wp-image-710991\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-12-164029.jpg?w=460&#038;resize=700%2C366\" alt=\"Bitcoin Tradingview\" width=\"700\" height=\"366\" \/><\/p>\n<p>Once everyone gets the liquidity they need, $BTC will be used as a hedge, alongside gold, real estate, and other safe commodities.<\/p>\n<p>This means now&#8217;s a great time to beef up your crypto portfolio with some fundamentally strong tokens that can ride Bitcoin&#8217;s upcoming rally. In this article, we&#8217;ve highlighted a few of the best cryptos you should consider purchasing.<\/p>\n<h2>1. BTC Bull Token ($BTCBULL) \u2013 Best Crypto to Buy to Get Behind Bitcoin\u2019s Growth<\/h2>\n<p>Although Trump&#8217;s recent tariff announcements might have been the reason Bitcoin slid further down, a deep correction after such a long rally was always on the cards.<\/p>\n<p>You can rest assured that Bitcoin will get a breather sooner rather than later, following which we can see heavy accumulation zones acting as demand zones and shooting $BTC\u00a0to\u00a0new\u00a0highs.<\/p>\n<p>Now is therefore the best time to back Bitcoin&#8217;s fundamentally strong narrative and invest in a coin like <strong>BTC Bull Token ($BTCBULL)<\/strong>. After all, it&#8217;s the first-ever and the only meme coin that gives free (and real) $BTC to token holders.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"aligncenter wp-image-709239\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-09-134156.jpg?w=460&#038;resize=700%2C381\" alt=\"BTC Bull Token Roadmap\" width=\"700\" height=\"381\" \/><\/p>\n<p>These giveaways (via airdrops) will take place every time Bitcoin reaches a new milestone, such as $150K, $200K, and $250K.<\/p>\n<p>By linking its $BTC airdrops to the underlying crypto&#8217;s price, BTC Bull Token has more or less ensured its place among the top trending cryptos.<\/p>\n<p>All you have to do to claim your $BTC rewards is hold your $BTCBULL tokens in\u00a0Best Wallet \u2013 one of the best crypto wallets going around.<\/p>\n<p>Additionally, there will also be regular token burn events, ensuring $BTCBULL never falls out of favor with the market.<\/p>\n<p>The <strong>BTC Bull Token presale<\/strong> is currently live and thriving, having already raised over $3.5M. You can buy 1 $BTCBULL for just $0.002405.<\/p>\n<h2>2. Best Wallet Token ($BEST) \u2013 Native Crypto of the Best Wallet App<\/h2>\n<p>There&#8217;s a reason crypto projects like BTC Bull Token have opted for <strong>Best Wallet<\/strong>\u00a0as their crypto wallet of choice. That&#8217;s because it&#8217;s extremely secure and easy to use, as well as laced with features that were so far unheard of in the crypto space.<\/p>\n<p>Thanks to its comprehensive suite of features, Best Wallet is on its way to capturing over 40% of the non-custodial crypto wallet market by 2026.<\/p>\n<p>Luckily for smart crypto investors like you, the app has a native token \u2013 <strong>Best Wallet Token ($BEST)<\/strong>.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"aligncenter wp-image-710937\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-12-160149.jpg?w=460&#038;resize=700%2C396\" alt=\"Best Wallet Token ($BEST)\" width=\"700\" height=\"396\" \/><\/p>\n<p>For instance, it&#8217;s the only crypto wallet that allows its users to buy meme coin presales directly from within the app.<\/p>\n<p>Combined with the fact that an in-house security team evaluates every single token, you&#8217;ll not only benefit from increased convenience but also security \u2013 no more worrying about scam tokens or phishing websites.<\/p>\n<p>Investing in the <strong>$BEST presale<\/strong> won&#8217;t just put you in a pole position to benefit from Best Wallet&#8217;s growth, but it also comes with a few special perks.<\/p>\n<p>These include lower transaction fees and higher staking rewards, as well as the earliest access to high-potential presales.<\/p>\n<p>You can become an early investor in Best Wallet by buying $BEST for just $0.0243. The project has so far piled close to $11M, which is proof of the potential it has.<\/p>\n<h2>3. XRP ($XRP) \u2013 Crypto Focused On Financial Transactions<\/h2>\n<p>2025 has brought about a new dawn for XRP. First, the SEC removed its long-drawn lawsuit on the crypto from its website, hinting at the possibility of XRP finally gaining regulatory clarity.<\/p>\n<p>Bitwise CEO Matt Hougan said yesterday that once the lawsuit is officially dropped (or settled), XRP could rope in more institutional partnerships and expand its application in cross-border payments.<\/p>\n<p>This will then increase investor interest in the token and result in a significant price appreciation. best cheap cryptos to buy now.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"aligncenter wp-image-710968\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-12-162136.jpg?w=460&#038;resize=700%2C315\" alt=\"XRP ($XRP)\" width=\"700\" height=\"315\" \/><\/p>\n<p>It&#8217;s also worth noting that XRP is one of the five cryptocurrencies to be included in the US Crypto Reserve announced by the POTUS Donald Trump himself.<\/p>\n<p>The announcement resulted in a whopping 30% increase in XRP&#8217;s price, following which it overtook $USDT to become the third-largest cryptocurrency in the world.<\/p>\n<h2>Conclusion<\/h2>\n<p>Trump taking his foot off the tariff pedal could just be the first sign of him feeling the heat of a potential recession.<\/p>\n<p>Even though it&#8217;s positive news, the market has a long way to go before the possibility of a recession is completely behind it.<\/p>\n<p>This means that while both the best cryptos and stocks are currently available at massive discounts as we&#8217;re comfortably in &#8216;buy the dip&#8217; territory, you must exercise extreme caution while investing.<\/p>\n<p>We urge you to do your own research before investing because the markets are highly volatile. Also, none of the above is a substitute for financial advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump has decided not to double tariffs on Canadian aluminum and steel, offering a sigh of relief to the US stock market. The decision to retract tariffs on Canadian metals came after Canada&#8217;s announcement that it wouldn&#8217;t go ahead with its plan of retaliating against the US. Canada had earlier decided to impose a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3606,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[33],"class_list":["post-3605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-cryptocurrency-market-news"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=3605"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/3605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/3606"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=3605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=3605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=3605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}